Stoke go into the red

Stoke City Football Club have announced losses of £30.1 million for 2017/18, mainly due to player write downs. Previous year was a profit of £4.9m. Stoke income down 6.5% in 2017/18 mainly due to less TV income as payments are linked to final league position. Income is likely to fall from £127 million to about £65-70m in 2018/9.

Stoke wages up over £9 million in 2017/18 despite relegation to £94 million. Average weekly wage estimated at £45,300. Wages represented £74 out of every £100 of income, significantly above the £50 level recommended by Deloitte.

Stoke City spent £52.2 million since relegation on new players and sold players for £22.8 million.

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The Political Economy of Football V2

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